Dallas, TX -- (ReleaseWire) -- 01/21/2014 -- The report “Orthopedic Devices Market (Forecast to 2016)” analyzes the market for orthopedics devices by seven segments such as orthobiologics, joint reconstruction, spinal devices, trauma fixation devices, arthroscopic devices, orthopedic accessories, and orthopedic braces and support system. It also studies the major market drivers, restraints, opportunities, and market trends for orthopedics market in North America, Europe, Asia, and Rest of the World (ROW).
Browse market data tables and in-depth TOC on “Orthopedic Devices Market"
Early buyers will receive 10% customization on this report.
Do Inquiry Before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=280
orthopedic devices market is expected to reach $19.2 billion by 2016 at a CAGR of 5.8% from 2011 to 2016. Spinal devices market is expected to reach the value of $13.5 billion by 2016 with a CAGR of 9.3% from 2011 to 2016.
The orthopedic devices market has seen quite a few advances in technology since 2003, especially for internal fixtures, nailing and plating techniques, joint replacement and resurfacing, and arthroscopic devices. From the early 90s, the focus diverted from experimental to more application-based advancements and mechanized implants. This is mainly due to increasing incidence of spinal deformities such as disc compression amongst the aging population and popularity of non-fusion devices such as artificial spinal disc and nucleus. The increasing demand from aging population and advancement in medical technologies (minimally invasive techniques and biologics) boost the demand for joint reconstruction market.
The companies in the orthopedic devices market are employing a number of strategies to gain a competitive edge over the others. These strategies comprise new product developments, mergers and acquisitions, and partnerships/collaborations/agreements. The key growth strategy followed by most of the companies is frequent product launches. New product launches accounted for almost 70% of strategic developments. Agreements, collaborations, and strategic partnerships accounted for almost 20% of the total strategic developments in the industry from 2008 to September 2011.
Key Players are Stryker (U.S.), DePuy (U.S.), Zimmer Inc (U.S.), Smith & Nephew (U.K.), Medtronic (U.S.), Synthes (U.S.), and Biomet (U.S.)
Browse Related Reports:
Global X-Ray Systems Market (2017-2017) (Current Trends & Forecast Of X-Ray Technology Including Analog Systems, Computed Radiography And Digital Radiography And Source Technology & Applications)
Ablation Devices Market to 2016 - (Radiofrequency, Cryoablation, Microwave, Ultrasound, Hydrothermal, Radiation, Cardiac, Cancer and Gynecology) – Global Market Forecast and Trends Analysis by Technology, Devices & Applications
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn@ http://www.linkedin.com/company/marketsandmarkets